ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Corporate Propensity to Save

savings have been an important source of internal finance for the private corporate sector in India, as a field of study, it has by and large remained neglected. Except for the now considerably dated study by Mazumdar (1959) and a few attempts to infer indirectly the saving propensity of the corporate sector from dividend payout ratios, very few attempts have been made to examine the corporate saving behaviour. The present study is an attempt in that direction. Corporate savings being residually determined as the algebraic difference between profits and dividends an analysis of corporate savings demands that one should examine major influences on corporate profits and dividends separately. This is what we do in the present study. Demand constraint, price situation and wage-costs are taken as major influences on corporate profits while level of profits, dividend policy of firms and availability of external finance are those considered for corporate dividends. Corporate savings are determined residually alter specifying independent functions for corporate profits and dividends. Time series evidence on medium and large public companies is deployed in the regression analysis.

Financing Decisions-A Survey of Management Understanding

A Survey of Management Understanding A FIRM after having determined its investment policy, should plan the sources of finance and their mix. Those firms which do not formally plan their capital structures are likely to have uneconomical and imbalanced capital structures, and they could lace considerable difficulties in raising capital on favourable terms in the long-run. The improper mix of capital can also render operations of firms inflexible.

Profit Rates in Private Corporate Sector

Ranjit Sau The record of the past three decades reveals certain significant features of profit rates in the cor- porate sector in India, First, the profit rate varies directly with the size the company, what is more, the degree of fluctuation over times varies inversely with the size of the company.

Women s Employment and Organisation Modes

Modes Pushpa Sundar While the need for more part-time jobs or the scope for self-employment may not be denied, it is arguable whether part-time home-based self-employment is what is best for women and what they themselves would prefer. Does home-based production lead to maximisation of output and income and therefore improvement in the economic condition of women? Does it contribute to improving their social status? If not, what is the best mode of organising economic activity for women? And is this alternative feasible in practice? Are there any intermediary solutions?

Lessons from Corporate Excellence

Shrikant Krishan In Search of Excellence : Lessons from America's Best Run Companies by Thomas J Peters and Robert H Waterman; Harper and Row, $ 19.95.

Changing Role of the Trainer

A P Saxena This paper seeks to examine the changing role of the trainer in the specific context of changes in the training process where the trainer has an altogether different need of learning strategies. Consequently, the trainer has to prepare for a role which demands a sharp change in his initial as well as later training. These changes can also facilitate the training-learning process, as well as promote participation in the planning, development and decision-making process affecting training institutions.

Profits and Profitability of Indian Commercial Banks in Seventies

Commercial Banks in Seventies S K Verghese There is a great deal of debate in the country about the profits and profitability of Indian commercial banks. It is generally believed that the new direction given to the banks since their nationalisation in I969, and the slackening productivity, have led to a declining trend in the profits and profitability of the banks. It is even held that, unless the present trend is reversed, the financial viability of our banking system may be undermined.

Productivity and Profitability of Banks in India

in India V B Angadi V John Devaraj Banking constitutes an important link in several socio-economic activities. Therefore, the banking industry must be on a sound footing. While in India, there is stress on the social responsibility of banks, the significance of liquidity and profitability is not to be neglected.

Management Interventions in Established Bureaucracies-A Case Study

Bureaucracies A Case Study Rushikesh Maru Nirmala Murthy J K Satia How do we evaluate the impact of experimental research mode of intervention? Three criteria can be applied.

Worker Participation in Formal Sector in Developing Countries-A Balance-sheet

in Developing Countries A Balance-sheet Nitish R De This paper off era a critique of worker participation practices in vogue in most developing countries. It is not suggested that sponsored schemes inevitably end up in failure and that voluntary schemes always succeed. The authors approach is leased instead on learning from the four cases reported in the initial part of the paper.

Inflation Accounting Is It Necessary

J Ramachandran One of the commendable features of accounting is its ability to adapt itself to the changing economic environment. ; Accounting now needs to undergo yet another change to adapt itself to the changed economic environment of price instability and rapid developments in technology.

Innovation in Indian Firms-Myths and Reality

Myths and Reality Arun P Sinha Based on field investigation in 40 firms, this paper outlines the nature of innovative activity in Indian manufacturing industry. It focuses on the following questions: (i) what kinds of innovation are done, and (ii) what stimulates these efforts. Data reveal markedly counter-intuitive patterns, which explode a number of popular myths about innovation in India.


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